Member Info for stuartv

Thankyou for that post Dobbo.

On the plus side at least they aren’t predicting the SP going in the other direction.

Let’s not forget that GV have taken on all PPP’s Texas creditors. Thats like a 4m cash injection. Gives them headroom to refinance for other activities.

Kong are you having a bad experience with of your other holdings. A company whose directors a pulling down massive salaries despite it registering a significant loss.

Agree the comms could be better but PPP have form here.

It did mention completing the audit process. Which suggests the accounts are compiled Matt

It would certainly set the weekend up nicely. Not holding my breath.

Any business with a firm grip on costs goes through their operations with a fine toothcombe. I strongly suspect that one of the areas identified will have the issue of RNS notices. Issued strictly as obligated and not as a comfort blanket. GLA

Rob for what is worth PPP have form on this. If you look back at last years twitter feed after suspension nothing was added until Sept 8 (production plans update). Subsequent updates made by the company were added on the same release date as the RNS. So basically no RNS no twitter updates. I would like an update but it’s clearly not in PPP’s playbook.

Only PPP/Global know. But no caveats in here like “they are expecting, hopeful, anticipate and so on. Read through some RNS notifications from a number of companies and they are full of get out clauses

Globalvision have advised that they plan to start optimisation works on the oil wells associated with the 12.5% ORRI (referred to in more detail below) in early August and as announced on 22 July that Houston Texas based drilling contractor, J&J Drilling International LLC, have been engaged by Globalvision to start in early August to work on the oil wells in Gonzales County, Texas. Globalvision already have people on the ground engaged in preparation for works to commence in coming days, this will be further enhanced by their senior management arriving on location in the coming days.

Thanks IPA i’ve just seen it. Much appreciated to Affrm as well.

No mention then if DL

I saw something on Telegram on Sunday. I inadvertently deleted myself off the group so no more since then. The gist of it was that a couple of the larger shareholders were unhappy about the suspension. Proof was asked for and as of then nothing was forthcoming.

Not sure why. Apart from the comms issue. A transformational deal has just been signed.

Hey dude you kinda forgot to give Stuey a shout out 😉😉

IPA - Many thanks for clarifying the situation regarding how up to date the various websites regarding production up.

I thought Uncle was inferring

Well if JJ are not actively doing workovers this is one big con - which I don’t believe it is. Drill schedule will have been clearly detailed in the HOT included in the S&P agreement.

To be honest when you first quoted that a while back I thought wtf. After some research it came clear.

Some days you are my favourite Uncle. Not sure about the last couple 😉

World War Z springs to mind Uncle 😉